Law Society interest rate
Guide
03 Aug 2023
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The Law Society interest rate is the 'contract rate' referred to in the Standard Conditions of Sale. It was first published in 1990.
The interest rate is 4% above Barclays Bank base rate, which is currently 5.25%.
Rates are as at close of business on the day indicated.
The current Law Society interest rate is 9.25% (effective 3 August 2023).
Read the Standard Conditions of Sale
Historic rates
| Date | Interest rate |
|---|---|
| 22 June 2023 | 9% |
| 11 May 2023 | 8.5% |
| 23 March 2023 | 8.25% |
| 2 February 2023 | 8% |
| 15 December 2022 | 7.5% |
| 3 November 2022 | 7% |
| 22 September 2022 | 6.25% |
| 4 August 2022 | 5.75% |
| 16 June 2022 | 5.25% |
| 5 May 2022 | 5% |
| 17 March 2022 | 4.75% |
| 3 February 2022 | 4.5% |
| 16 December 2021 | 4.25% |
| 19 March 2020 | 4.1% |
| 11 March 2020 | 4.25% |
| 2 August 2018 | 4.75% |
| 2 November 2017 | 4.5% |
| 4 August 2016 | 4.25% |
| 5 March 2009 | 4.5% |
| 5 February 2009 | 5% |
| 8 January 2009 | 5.5% |
| 4 December 2008 | 6% |
| 6 November 2008 | 7% |
| 8 October 2008 | 8.5% |
| 10 April 2008 | 9% |
| 7 February 2008 | 9.25% |
| 6 December 2007 | 9.5% |
| 5 July 2007 | 9.75% |
| 10 May 2007 | 9.5% |
| 11 January 2007 | 9.25% |
| 9 November 2006 | 9% |
| 3 August 2006 | 8.75% |
| 4 August 2005 | 8.5% |
| 5 August 2004 | 8.75% |
| 10 June 2004 | 8.5% |
| 6 May 2004 | 8.25% |
| 5 February 2004 | 8% |
| 6 November 2003 | 7.75% |
| 10 July 2003 | 7.5% |
| 6 February 2003 | 7.75% |
| 8 November 2001 | 8% |
| 4 October 2001 | 8.5% |
| 18 September 2001 | 8.75% |
| 2 August 2001 | 9% |
| 10 May 2001 | 9.25% |
| 5 April 2001 | 9.5% |
| 8 February 2001 | 9.75% |
| 10 February 2000 | 10% |
| 13 January 2000 | 9.75% |
For other historic rates, contact our library.